Earlier quoted context omitted.
> The catch is that construction is a feast or famine occupation. [...] There is sort of a "get it while the getting's still good" mentality afoot right now. Indeed, and that's not good from the point of view of construction standards. When the going is good, contractors go pedal to the metal and will do everything they can as fast as they can, inevitably lowering their average work standards (both in terms of output…
> Plus, construction booms typically lead to more widespread economic bubbles. If there is actually a causal relationship there, I would have thought it was the other way around.
I think it's more of a symbiotic relationship: construction is the first sector to accelerate when things start looking good and the first to crash when things start going sour, because it relies on debt more than others. Because of this position, it plays a very important role in exacerbating trends.